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22 episodi
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Business FRANCE 24 English
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- Economia
A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.
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G7 agrees on plan to use frozen Russian assets to help Ukraine
G7 leaders have agreed to use the interest generated from frozen Russian assets to raise $50 billion per year for Ukraine. Also in this edition: Elon Musk is optimistic about keeping his billion-dollar Tesla pay package. And Germany gears up to host the Euros, with 3 million visitors expected across the 10 host cities.
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US Federal Reserve keeps rates steady despite softer inflation data
The US Federal Reserve has decided to keep its lending rate unchanged at the current 5.25-5.50 percent range and projected just one rate cut this year, despite soft inflation data. But first, the European Commission has informed China that it will impose new tariffs of up to 38 percent on Chinese-made electric cars from July 4 unless a solution is found. This comes following months of investigation into Chinese subsidies.
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World Bank sees global 'soft landing' but warns of sluggish growth for developing nations
The World Bank has upgraded its global growth outlook for this year, expecting it to hold steady at 2.6 percent for the first time in three years. The latest Global Economic Prospects report, however, warns that growth still remains well below the average of the pre-pandemic decade, with the world's poorest economies still grappling with inflation and high debt. The World Bank's Deputy Chief Economist Ayhan Kose spoke to FRANCE 24.
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French companies hit as markets reel from Macron's snap election announcement
The euro tumbled and European stocks, particularly in France, fell sharply on Monday after far-right groups gained in Sunday's EU parliamentary elections, prompting President Emmanuel Macron to call a snap election in France. We also look at what the EU election outcome could mean for Europe's ambitious climate plans.
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ECB cuts interest rates for first time in almost five years
The European Central Bank has decided to lower its benchmark interest rates by 0.25 percent from a record high, effective June 12. However, the ECB also revised its outlook for the coming months and said it no longer believed inflation would hit its target of 2 percent this year, but instead would average at around 2.2 percent. Plus, Ireland is losing hundreds of young doctors every year as they emigrate to Australia in search of better working conditions.
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The post-WWII economy: From the Bretton Woods system to the Marshall Plan
As the world marks the 80th anniversary of the D-Day landings, the historic moment is also remembered as a catalyst for the turning of economic tides. A series of post-war events and decisions such as the Bretton Woods Conference heralded a new era for economic cooperation and financial order. We also look at the United States' role in rehabilitating Europe with its Marshall Plan: aid worth an estimated $140 billion in today's money.